Re: Amerigas 2019 K-1 ?

I am a new investor in MMP. I initially bought 1,000 shares in an IRA and within a week remembered about UBTI and moved the shares to a taxable account via sale and purchase. The sale from the IRA was before quarter end.

I am thinking of selling the MMP shares from the taxable account and moving the investment to an MLP fund. I am traditionally a fund investor and not a single company investor.

How long do I have to own MMP to be eligible to receive a K-1 for 2020 or would I receive a K-1 even if I own MMP for a single day?

Appreciate your thoughts.

P.S.: This is the only thread on K-1 I was able to retrieve by searching the forums. My online search also did not yield any answers.

Re: Amerigas 2019 K-1 ?

I am a new investor in MMP. I initially bought 1,000 shares in an IRA and within a week remembered about UBTI and moved the shares to a taxable account via sale and purchase. The sale from the IRA was before quarter end.

I am thinking of selling the MMP shares from the taxable account and moving the investment to an MLP fund. I am traditionally a fund investor and not a single company investor.

How long do I have to own MMP to be eligible to receive a K-1 for 2020 or would I receive a K-1 even if I own MMP for a single day?

Appreciate your thoughts.

P.S.: This is the only thread on K-1 I was able to retrieve by searching the forums. My online search also did not yield any answers.

In an MLP every LP share is allocated tax attributes that is equal to 1 share divided by the total LP shares in the MLP. There is also an allocation to the GP. The amount allocated to each share is then allocated to who owned that share by the number of days each owner held that share in the tax year.